Coinbase has submitted a statement to the Australian House of Representatives Economics Committee, accusing the country's four major banks—Commonwealth Bank, Westpac, ANZ, and National Australia Bank—of systematically denying banking services to legitimate cryptocurrency and fintech companies. Coinbase claims that 'debanking' has evolved from isolated incidents to an industry-wide norm, effectively acting as an 'unofficial regulatory ban.' The exchange highlighted that banks often block services by unilaterally closing accounts or restricting crypto-related transactions. This issue, which saw approximately 60% of fintech firms denied services as early as 2021, remains unresolved.